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Xiaomi, With $10 Billion Investment Pledged, Wins China Approval to Make Electric Vehicles
Xiaomi has won the approval of China's state planner to manufacture electric vehicles (EVs), said two people with knowledge of the matter, marking a major step towards the smartphone maker's goal of producing cars by early next year.
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Silk-FAW to Press Ahead With Plan to Build Electric Sports Car in Italy: Details
Silk-FAW will proceed with its EUR 1 billion EUR 1 billion (roughly Rs. 8,160 crore) plans to build an electric sports car in Italy, the company said on Monday. The startup, comprised of US automotive engineering and design firm Silk EV and Chinese automaker FAW, plans to develop and produce electric and hybrid luxury hypercars in China and in Ital...
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Ferrari To Recall More Than 2,200 Cars In China Over Brake Risk
Italian luxury carmaker Ferrari has issued a recall plan with Chinese regulators over potential brake problems in its vehicles, an official notice said Friday.
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GM Says China Sales Rise By 5.2% In Second Quarter
The U.S. automaker said sales of its Cadillac XT6 three-row large luxury SUV grew 42% to about 10,000 vehicles.
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Luxury Cars, EVs To Fuel Hyundai's China, U.S. Sales In 2021; Fourth-Quarter Profit Surges
Hyundai Motor Co said on Tuesday it expects sales in United States and China to surge this year, driven by the launch of new electric cars and sports utility vehicles (SUVs), after reporting its best quarterly profit in over three years.
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Nissan Plans To Invest Heavily In China Luxury Segment, COO Says
Japan's Nissan Motor Co plans to invest heavily in China's luxury auto segment, its chief operating officer told Reuters on Monday.
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Jaguar Land Rover Global Sales Dip By 15.5% In August 2020
Tata Motors-owned Jaguar Land Rover has posted a decline of 15.5 per cent in sales for August 2020. According to the regulatory filing, the British automaker sold 28,887 units last month, seeing a sharp decline in year-on-year volumes when compared to the same month last year. The luxury carmaker also saw a year-on-year drop in sales in the markets...
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GM Bets On Electric Cadillacs And Micro-Vans To Reverse China Slide
M's new China boss Julian Blissett told Reuters it would renew its focus on luxury Cadillacs, roll out bigger but greener sports-utility vehicles (SUVs) and target entry-level buyers with low-cost micro electric vehicles (EVs).
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Tata Motors Warns Of JLR Profit Hit Due To Coronavirus
Indian automaker Tata Motors has warned of lower profit at its British luxury car brand Jaguar Land Rover (JLR) for the fiscal year as sales in China have taken a hit because of the coronavirus outbreak.
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China's BAIC Raising Daimler Stake To Unseat Geely As Top Shareholder: Report
Daimler's main China joint venture partner BAIC Group has set in motion a plan to double its stake to around 10% and win a board seat in the German luxury car maker, as it aims to upstage rival Geely, two sources told Reuters.
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Mercedes-Maybach GLS Global Unveil This Week
Mercedes-Benz is all set to join the uber-luxury SUV segment and will be unveiling the Maybach GLS at the upcoming 2019 Auto Guangzhou Motor Show in China this week on November 21, 2019. The all-new Mercedes-Maybach GLS isn't exactly a surprise and, is in fact, a highly awaited model ever since the Vision Mercedes-Maybach Ultimate Luxury was showca...
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Hyundai Motor Replaces Head Of Premium Genesis Brand
Lee faces the challenge of rejuvenating Genesis sales in the U.S. market and making headway in Europe and China, both tough markets to crack for luxury car sales.
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Geely To Bring Air Taxis To China In Tie-up With DaimlerBacked Volocopter
Volocopter, which says it is building the world's first manned, electric and vertical takeoff air taxis, said in a statement on Monday that the other investors in the new funding round include German luxury car maker Daimler, which it had previously raised money from.
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JLR To Launch 30 New Vehicles In China Over Next Two Years
Luxury carmaker Jaguar Land Rover (JLR) plans to launch 30 new or revamped vehicles in China in the next two years, it said on Wednesday, seeking to build on a recent recovery in sales in the world's biggest auto market.
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Lexus LM Minivan Teaser Released
Toyota-owned luxury car brand Lexus has come out with a new teaser for its LM Minivan. Yes, you read it right, a minivan. The latest teaser image which hints at a larger boxy people carrier appears to be a lot like the Toyota Alphard van, and the upcoming Lexus model could be based on the popular minivan. As of now, not much is known about the new ...
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Xiaomi, With $10 Billion Investment Pledged, Wins China Approval to Make Electric Vehicles
Xiaomi has won the approval of China's state planner to manufacture electric vehicles (EVs), said two people with knowledge of the matter, marking a major step towards the smartphone maker's goal of producing cars by early next year.
-
Silk-FAW to Press Ahead With Plan to Build Electric Sports Car in Italy: Details
Silk-FAW will proceed with its EUR 1 billion EUR 1 billion (roughly Rs. 8,160 crore) plans to build an electric sports car in Italy, the company said on Monday. The startup, comprised of US automotive engineering and design firm Silk EV and Chinese automaker FAW, plans to develop and produce electric and hybrid luxury hypercars in China and in Ital...
-
Ferrari To Recall More Than 2,200 Cars In China Over Brake Risk
Italian luxury carmaker Ferrari has issued a recall plan with Chinese regulators over potential brake problems in its vehicles, an official notice said Friday.
-
GM Says China Sales Rise By 5.2% In Second Quarter
The U.S. automaker said sales of its Cadillac XT6 three-row large luxury SUV grew 42% to about 10,000 vehicles.
-
Luxury Cars, EVs To Fuel Hyundai's China, U.S. Sales In 2021; Fourth-Quarter Profit Surges
Hyundai Motor Co said on Tuesday it expects sales in United States and China to surge this year, driven by the launch of new electric cars and sports utility vehicles (SUVs), after reporting its best quarterly profit in over three years.
-
Nissan Plans To Invest Heavily In China Luxury Segment, COO Says
Japan's Nissan Motor Co plans to invest heavily in China's luxury auto segment, its chief operating officer told Reuters on Monday.
-
Jaguar Land Rover Global Sales Dip By 15.5% In August 2020
Tata Motors-owned Jaguar Land Rover has posted a decline of 15.5 per cent in sales for August 2020. According to the regulatory filing, the British automaker sold 28,887 units last month, seeing a sharp decline in year-on-year volumes when compared to the same month last year. The luxury carmaker also saw a year-on-year drop in sales in the markets...
-
GM Bets On Electric Cadillacs And Micro-Vans To Reverse China Slide
M's new China boss Julian Blissett told Reuters it would renew its focus on luxury Cadillacs, roll out bigger but greener sports-utility vehicles (SUVs) and target entry-level buyers with low-cost micro electric vehicles (EVs).
-
Tata Motors Warns Of JLR Profit Hit Due To Coronavirus
Indian automaker Tata Motors has warned of lower profit at its British luxury car brand Jaguar Land Rover (JLR) for the fiscal year as sales in China have taken a hit because of the coronavirus outbreak.
-
China's BAIC Raising Daimler Stake To Unseat Geely As Top Shareholder: Report
Daimler's main China joint venture partner BAIC Group has set in motion a plan to double its stake to around 10% and win a board seat in the German luxury car maker, as it aims to upstage rival Geely, two sources told Reuters.
-
Mercedes-Maybach GLS Global Unveil This Week
Mercedes-Benz is all set to join the uber-luxury SUV segment and will be unveiling the Maybach GLS at the upcoming 2019 Auto Guangzhou Motor Show in China this week on November 21, 2019. The all-new Mercedes-Maybach GLS isn't exactly a surprise and, is in fact, a highly awaited model ever since the Vision Mercedes-Maybach Ultimate Luxury was showca...
-
Hyundai Motor Replaces Head Of Premium Genesis Brand
Lee faces the challenge of rejuvenating Genesis sales in the U.S. market and making headway in Europe and China, both tough markets to crack for luxury car sales.
-
Geely To Bring Air Taxis To China In Tie-up With DaimlerBacked Volocopter
Volocopter, which says it is building the world's first manned, electric and vertical takeoff air taxis, said in a statement on Monday that the other investors in the new funding round include German luxury car maker Daimler, which it had previously raised money from.
-
JLR To Launch 30 New Vehicles In China Over Next Two Years
Luxury carmaker Jaguar Land Rover (JLR) plans to launch 30 new or revamped vehicles in China in the next two years, it said on Wednesday, seeking to build on a recent recovery in sales in the world's biggest auto market.
-
Lexus LM Minivan Teaser Released
Toyota-owned luxury car brand Lexus has come out with a new teaser for its LM Minivan. Yes, you read it right, a minivan. The latest teaser image which hints at a larger boxy people carrier appears to be a lot like the Toyota Alphard van, and the upcoming Lexus model could be based on the popular minivan. As of now, not much is known about the new ...
